Claims Journal
NEW YORK — Opponents of Philadelphia Energy Solutions’ bankruptcy plan have vowed a long legal fight if a federal court this week approves a sale that would keep the largest East Coast oil refinery permanently shut while paying out bonuses …
Posted: Feb 13, 2020
LONDON, Feb 13 — Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the new coronavirus outbreak, industry sources said, as insurers rush to exclude the epidemic from their policies. …
Posted: Feb 13, 2020
PG&E Corp. told a federal judge it opposes his proposals to intervene in the company’s wildfire prevention efforts after it admitted to not fully complying with the terms of its criminal probation. The bankrupt northern California utility’s pushback...
Posted: Feb 13, 2020
A luxury yacht owned by hedge fund manager Daniel Loeb damaged a pristine reef atoll in Belize near the famous Great Blue Hole, a popular diving site. The 200-foot (61 meter) Samadhi, owned by Third Point founder Loeb, was filmed …
Posted: Feb 13, 2020
Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced this week that Tokio Marine Holdin...
Posted: Feb 13, 2020
A fire broke out early Wednesday at Exxon Mobil Corp.’s Baton Rouge oil refinery in Louisiana, halting production at the fifth-biggest fuel-making plant in the U.S. The outage at the massive complex — which supplies fuels across the southeast U.S. …
Posted: Feb 13, 2020
BIRMINGHAM, Ala. — Roads were flooded and rivers were rising across the Deep South on Tuesday after a day of heavy rains that once again filled a Mississippi lake where a dam previously was in danger of failing. The National …
Posted: Feb 12, 2020
NEW YORK — Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at …
Posted: Feb 12, 2020
A Tesla Inc. vehicle that slammed into a California highway barrier in 2018 with its automated driver-assist function engaged, killing the driver, had steered toward the same spot repeatedly during earlier trips, investigators reported Tuesday. The s...
Posted: Feb 12, 2020
The U.S. government’s oversight of airline safety was roundly criticized in a government watchdog report that found Southwest Airlines Co. was allowed to make more than 150,000 flights carrying 17.2 million passengers that didn’t meet safety standard...
Posted: Feb 12, 2020
The future cannot come too soon for commercial auto. Despite growing premiums, the commercial auto line hasn’t turned an underwriting profit for the past nine years as both the number and cost of claims exceeded expectations. Tech companies are pitch...
Posted: Feb 12, 2020
Innovation in the insurance industry is no longer a buzzword. It is fast becoming a catalyst to win market share. In the past, the industry has been a slow adopter of emerging technologies. The industry was also marred by other …
Posted: Feb 12, 2020
The estate of Sears Holding Corp. is trying to take back payments it made to vendors – many of them small businesses – more than a year ago as it tries to shore up funds to wrap up its bankruptcy …
Posted: Feb 12, 2020
PENDLETON, Ore. — Waters covering roads in flood-hit northeastern Oregon were starting to recede, allowing residents to return and assess the damage from weather that appears to have left one person dead. A woman who had been missing, Janet Tobkin …
Posted: Feb 11, 2020
MEXICO CITY — An art critic has destroyed a contemporary piece at Mexico’s premiere art fair, setting off a spirited debate about what constitutes art. Critic Avelina Lesper said she accidentally shattered the installation Saturday at the Zona Maco a...
Posted: Feb 11, 2020
With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies that buy and sell goods in the Chinese market are taking interest in the legal defense of “force majeure.” The …
Posted: Feb 11, 2020
For the last several years, hackers based in China have allegedly been sucking up vast amounts of personal data of U.S. citizens: names, dates of birth, Social Security numbers, even fingerprints. On Monday, the U.S. Justice Department took another s...
Posted: Feb 11, 2020
Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills. California’s PG&E Corp., which was forced into bankruptcy a year ago after its equipment sparked the deadliest wildfire in state …
Posted: Feb 11, 2020
Climate change is spurring a new, deep dive into a complex, little-studied weather system blamed for creating billions of dollars in flood damage across the western U.S. Atmospheric rivers are narrow ribbons of concentrated moisture that originate in...
Posted: Feb 11, 2020
Would-be fraudsters in Georgia are increasingly turning to U-Haul trucks with hopes of making a quick buck by staging crashes, insurance regulators say. Many have ended up with arrest warrants and fraud convictions instead. A spokesman for the Georgi...
Posted: Feb 11, 2020
OTTAWA/WINNIPEG, Manitoba — Canada said on Thursday it would impose temporary speed limits on trains hauling dangerous goods after a Canadian Pacific Railway Ltd crude oil train derailed and caught fire. The accident, which happened in the early hour...
Posted: Feb 11, 2020
SALEM, Ore. — Oregon National Guard troops aboard two helicopters airlifted 21 people to safety on Saturday, and authorities reported a 62-year-old woman who lived in one of the areas hit by floods was missing. Waters covering roads in flood-hit …
Posted: Feb 10, 2020
Chesapeake Energy Corp. and three oilfield service firms were sued by the daughter of a worker who suffered fatal injuries when a Texas oil well exploded in flames last month. The wrongful death suit seeks at least $1 million from …
Posted: Feb 10, 2020
BEIJING/GENEVA — The World Health Organization (WHO) said on Monday the spread of coronavirus cases which had no history of travel to China could be “the spark that becomes a bigger fire” as people across China trickled back to work …
Posted: Feb 10, 2020
Bayer AG has asked a California appeals court to overturn an $86 million verdict that found it was responsible for a couple’s cancer caused by its glyphosate-based weed killer Roundup. In a Friday night filing with the California First District …
Posted: Feb 10, 2020